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Ukrainian economy could contract 35-40% by year-end - minister

Published 08/19/2022, 08:54 AM
Updated 08/19/2022, 08:55 AM
© Reuters. FILE PHOTO: A woman uses an ATM machine as people walk past in central Kharkiv, Ukraine September 18, 2018. REUTERS/Gleb Garanich

KYIV (Reuters) - Ukraine's economy could contract 35-40% by the end of the year, Economy Minister Yulia Svyrydenko said on Friday.

Hit by Russia's Feb. 24 invasion, the economy contracted 15.1% year-on-year in the first quarter of 2022.

Latest comments

but America is making money
Don't worry about it. Confiscated Russian assets will pay to rebuild Ukraine when Russia is sent back home.
yeah because I believe absolutely NOTHING the media says about Ukraine. not a word.
NOTHING? "Hit by Russia's Feb. 24 invasion..." Nothing?
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